Domo formalizes separation with ex-CEO John Mellor; $875K severance, advisory role through Sep 2024

DOMO, INC.

John Mellor resigned as CEO and board member effective March 3, 2023; will serve as advisor through September 30, 2024.
Severance of $875,000 (base salary + target bonus) payable over 12 monthly installments plus COBRA premiums for up to 12 months.
Outstanding equity awards continue to vest during advisory period, ceasing on Sep 30, 2024; unvested portion forfeited.
Mellor provides a general release of claims and remains subject to confidentiality and non-solicitation obligations.
Mellor must cooperate with company on transition and litigation; indemnification rights are preserved.

item 5.02 item 9.01

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Departed

John Mellor

Chief Executive Officer

DOMO · DOMO, INC.

Effective: 2023-03-03
Filed: March 31, 2023, 7:59 PM ET

On March 28, 2023, Domo, Inc. (the “Company”) entered into a separation letter agreement with John Mellor (the “Separation Agreement”), related to the terms of Mr. Mellor’s previously announced resignation from the position of the Company’s Chief Executive Officer and resignation from the Company’s board of directors.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John Mellor resigned as Chief Executive Officer at DOMO, INC..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On March 28, 2023, Domo, Inc. (the “Company”) entered into a separation letter agreement with John Mellor (the “Separation Agreement”), related to the terms of Mr. Mellor’s previously announced resignation from the position of the Company’s Chief Executive Officer and resignation from the Company’s board of directors.

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DOMO, INC. filing history →

Source: SEC EDGAR

accession 0001505952-23-000026

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